Groupama Asset Managment Acquires 8,395 Shares of United Rentals, Inc. $URI

Key Points

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Groupama Asset Managment increased its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 13.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,981 shares of the construction company's stock after buying an additional 8,395 shares during the period. Groupama Asset Managment owned about 0.11% of United Rentals worth $43,296,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Forum Financial Management LP increased its position in shares of United Rentals by 1.9% in the fourth quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock worth $528,000 after acquiring an additional 14 shares in the last quarter. Centaurus Financial Inc. lifted its stake in shares of United Rentals by 1.7% during the fourth quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock worth $704,000 after purchasing an additional 17 shares in the last quarter. Leavell Investment Management Inc. lifted its stake in shares of United Rentals by 3.6% during the first quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company's stock worth $323,000 after purchasing an additional 18 shares in the last quarter. Baer Investment Advisory LLC boosted its position in shares of United Rentals by 0.6% in the first quarter. Baer Investment Advisory LLC now owns 3,202 shares of the construction company's stock worth $2,007,000 after buying an additional 18 shares during the period. Finally, HBK Sorce Advisory LLC boosted its position in United Rentals by 4.0% in the 1st quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company's stock valued at $307,000 after buying an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

Analyst Upgrades and Downgrades

URI has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price target on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Argus set a $935.00 price objective on shares of United Rentals in a report on Tuesday, August 12th. Bank of America boosted their target price on shares of United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Barclays upped their target price on shares of United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research note on Monday, July 21st. Finally, Citigroup reaffirmed a "buy" rating and set a $810.00 price target (up previously from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $834.64.

United Rentals Stock Performance

Shares of NYSE:URI traded down $11.5720 during trading hours on Thursday, hitting $890.2980. The stock had a trading volume of 365,824 shares, compared to its average volume of 564,898. The stock's fifty day simple moving average is $816.79 and its 200 day simple moving average is $712.58. The firm has a market capitalization of $57.28 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 2.08 and a beta of 1.72. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $933.32.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same period in the previous year, the company posted $10.70 EPS. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be issued a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 13th. United Rentals's dividend payout ratio (DPR) is presently 18.52%.

United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.